Assenagon Asset Management S.A. bought a new stake in BrightSpring Health Services, Inc. (NASDAQ:BTSG - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 124,110 shares of the company's stock, valued at approximately $1,822,000. Assenagon Asset Management S.A. owned about 0.07% of BrightSpring Health Services at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC bought a new stake in shares of BrightSpring Health Services in the first quarter valued at approximately $14,179,000. Price T Rowe Associates Inc. MD bought a new stake in BrightSpring Health Services in the 1st quarter valued at $16,260,000. TD Asset Management Inc acquired a new stake in BrightSpring Health Services in the 2nd quarter worth $2,308,000. Magnetar Financial LLC increased its holdings in shares of BrightSpring Health Services by 46.9% during the 2nd quarter. Magnetar Financial LLC now owns 1,188,302 shares of the company's stock worth $13,499,000 after purchasing an additional 379,149 shares during the period. Finally, Vanguard Group Inc. acquired a new position in shares of BrightSpring Health Services during the first quarter valued at about $54,638,000.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on BTSG shares. Guggenheim lifted their target price on BrightSpring Health Services from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. KeyCorp assumed coverage on BrightSpring Health Services in a research report on Friday, October 11th. They set a "sector weight" rating on the stock. The Goldman Sachs Group reduced their target price on BrightSpring Health Services from $21.00 to $18.00 and set a "buy" rating for the company in a research report on Friday, August 9th. UBS Group lifted their price target on shares of BrightSpring Health Services from $16.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, BTIG Research increased their price objective on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, BrightSpring Health Services currently has an average rating of "Moderate Buy" and a consensus target price of $16.50.
Read Our Latest Analysis on BrightSpring Health Services
Insider Activity at BrightSpring Health Services
In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.
BrightSpring Health Services Trading Up 15.2 %
BrightSpring Health Services stock traded up $2.28 during trading hours on Friday, hitting $17.25. 5,067,777 shares of the stock were exchanged, compared to its average volume of 1,495,055. The business's 50-day moving average is $14.58 and its two-hundred day moving average is $12.44. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.33 and a quick ratio of 1.00. BrightSpring Health Services, Inc. has a 12 month low of $7.85 and a 12 month high of $17.54.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.72 billion. The business's revenue for the quarter was up 28.8% compared to the same quarter last year. On average, sell-side analysts forecast that BrightSpring Health Services, Inc. will post 0.57 EPS for the current year.
About BrightSpring Health Services
(
Free Report)
BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.
See Also
Before you consider BrightSpring Health Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BrightSpring Health Services wasn't on the list.
While BrightSpring Health Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
